#Gold prices fall today after sharp rise, silver follows suit

Gold and silver prices in India today fell after rising sharply on Monday. On MCX, gold October futures fell 0.24% to ₹38,088 per 10 gram. They had gained 1.7% on Monday. Tracking a similar trend, silver prices on MCX fell 0.40% to ₹47,040, after a 3% rise on Monday. A similar trend was also witnessed in global markets. In global markets, gold was today trading flat at $1,498.13 an ounce after a sharp jump on Monday. Gold and silver prices had jumped sharply on Monday as the weekend attack on Saudi oil facilities increased Middle East tensions and pushed investors toward safe-haven assets.